KT (NYSE:KT) Reaches New 12-Month High – Should You Buy?

KT Co. (NYSE:KT)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $18.55 and last traded at $18.51, with a volume of 63924 shares trading hands. The stock had previously closed at $18.28.

Analysts Set New Price Targets

Several research firms have recently weighed in on KT. StockNews.com lowered KT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 20th. The Goldman Sachs Group raised KT from a “neutral” rating to a “buy” rating in a research note on Monday, March 3rd. Finally, UBS Group assumed coverage on KT in a report on Wednesday, February 19th. They issued a “buy” rating for the company.

KT Trading Up 1.9 %

The business’s 50-day simple moving average is $17.12 and its 200-day simple moving average is $16.25. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. The company has a market capitalization of $9.61 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 0.37 and a beta of 0.95.

Institutional Investors Weigh In On KT

Several large investors have recently modified their holdings of the business. Victory Capital Management Inc. grew its holdings in KT by 3.9% during the third quarter. Victory Capital Management Inc. now owns 88,822 shares of the technology company’s stock worth $1,366,000 after purchasing an additional 3,334 shares during the period. Natixis Advisors LLC grew its stake in shares of KT by 14.8% in the third quarter. Natixis Advisors LLC now owns 196,935 shares of the technology company’s stock valued at $3,029,000 after acquiring an additional 25,420 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of KT during the third quarter worth approximately $368,000. Caprock Group LLC boosted its stake in shares of KT by 15.0% in the third quarter. Caprock Group LLC now owns 83,771 shares of the technology company’s stock valued at $1,304,000 after buying an additional 10,948 shares during the period. Finally, West Family Investments Inc. grew its position in KT by 45.3% during the third quarter. West Family Investments Inc. now owns 20,186 shares of the technology company’s stock worth $310,000 after buying an additional 6,298 shares in the last quarter. 18.86% of the stock is currently owned by institutional investors.

About KT

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.